Peter ThompsonSenior Loan Officer (23 years experience)
Purchase Loan, Refinancing, Rehab and renovation mortgages
Add personality to your profile! Tell the community about yourself, your home, and your profession.
As a mortgage loan officer since 1992, I have helped a whole lot of families and individuals buy their own homes and take control of their financial future. The mortgage industry has come full circle since I started in this industry. Back when I first started out, FHA was one of the best options for first time home buyers and any one who wanted a loan had to go through a full underwriting process where we verified all their income assets and made sure they were able to afford the new loan payment. Over the years credit scoring became the biggest factor in loan approval, and if you could fog a mirror, you could get a loan. Now we are back where we started. In this new lending environment, having an experienced loan officer who knows how to structure your transaction can mean the difference between closing on time, and not closing at all. My approach is to stress education and communication. Understanding how the mortgage process works and what options are available gives you the information you need to make the decision that is best for you. My blog, is an extension of my business, another way to educate and communicate. When speaking with potential clients, I take the time to go into depth on their financial situation and long and short term goals. This way I can make sure that I suggest the financing option that will fit best both for now and in the future. I live and work in Dupage County, just west of Chicago and in the heart of the Chicago Suburbs, and the bulk of my business is concentrated in the greater Chicago area. Let me know what I can do to help you.